Brokerages Set TPG RE Finance Trust, Inc. (NYSE:TRTX) Target Price at $9.50

TPG RE Finance Trust, Inc. (NYSE:TRTX) has received an average rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $9.50.

A number of equities research analysts have recently weighed in on the company. Citigroup downgraded TPG RE Finance Trust to a “market perform” rating in a report on Wednesday, September 17th. Weiss Ratings reissued a “hold (c)” rating on shares of TPG RE Finance Trust in a report on Wednesday, October 8th. Citizens Jmp downgraded TPG RE Finance Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 17th. Wells Fargo & Company lifted their target price on TPG RE Finance Trust from $9.00 to $11.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, Zacks Research downgraded TPG RE Finance Trust from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th.

TPG RE Finance Trust Trading Up 1.1%

TRTX stock opened at $8.69 on Friday. The company has a debt-to-equity ratio of 2.75, a current ratio of 193.29 and a quick ratio of 193.29. The company has a fifty day moving average price of $9.06 and a two-hundred day moving average price of $8.23. TPG RE Finance Trust has a one year low of $6.47 and a one year high of $9.85. The stock has a market cap of $682.55 million, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 2.31 and a beta of 1.68.

TPG RE Finance Trust (NYSE:TRTX) last released its quarterly earnings data on Monday, June 6th. The company reported $0.27 EPS for the quarter. TPG RE Finance Trust had a net margin of 21.09% and a return on equity of 6.61%. The firm had revenue of $40.06 million during the quarter. Equities analysts anticipate that TPG RE Finance Trust will post 0.99 EPS for the current year.

TPG RE Finance Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, September 26th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date of this dividend is Friday, September 26th. TPG RE Finance Trust’s payout ratio is 147.69%.

TPG RE Finance Trust declared that its board has approved a share buyback plan on Thursday, September 4th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CWM LLC grew its holdings in shares of TPG RE Finance Trust by 473.7% during the second quarter. CWM LLC now owns 3,517 shares of the company’s stock worth $27,000 after purchasing an additional 2,904 shares during the last quarter. Arlington Trust Co LLC bought a new stake in TPG RE Finance Trust in the first quarter valued at approximately $41,000. BNP Paribas Financial Markets boosted its holdings in shares of TPG RE Finance Trust by 86.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,494 shares of the company’s stock worth $50,000 after buying an additional 3,013 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of TPG RE Finance Trust by 249.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,818 shares of the company’s stock worth $53,000 after buying an additional 4,865 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of TPG RE Finance Trust by 24.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,998 shares of the company’s stock worth $54,000 after buying an additional 1,375 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.